Q1: Why is there such a big difference between the company’s Apple financials this month and the actual advance payment seen on apple’s back desk?
This question is one of the most typical financial questions. As long as your company has revenue from internal purchases, you will be asked this question by your financial colleagues or boss at some point. You might say missed orders, apple errors, exchange rates, whatever. That seems to be true, that doesn’t seem to be true, and if you dig a little deeper, you’ll find a lot of interesting things. Here the author will analyze in detail why this situation will occur. First of all, how do companies get their Apple financials? Let’s assume the most common scenario here. That is, the report data of the company is obtained by the statistics of backstage colleagues. The data of background colleagues are counted by the credentials transmitted by the client. The verification is passed. The number of xx products sold +1, and the revenue + XXX. Then statistics out a month of in-app purchase data. This is the company’s financial statement. Apple background financial advance data for payments and financial reports – estimated total revenue column values. The following figure
Having identified two statistical sources, let’s list all the possible reasons for this problem.
Background data report problems
1. Jet lag
Background time is not UTC time (time zone 0).
2. The client has an order loss problem
Such reasons are easy to rule out, see the background data respectively xx commodity sales and Apple background XX commodity sales can be compared. It should be noted that the background sales may be more than apple sales, which may be caused by the background judgment logic is not done well, there is a Bug. It is also possible that the user has made a refund. So how to see if the user has a refund? Sales and Trends – Product Sales – Add filter – Transaction Type – Refund as shown below
The pit of apple
If you find that the background sales and Apple sales are exactly on the same, there is no loss of many single return and other phenomena. But apple’s upfront revenue is still hundreds, thousands, even tens of thousands of dollars less than its accounting figures suggest. It’s possible that this huge error is due to Apple’s lousy financial calendar system. Our normal understanding is to assume that the internal purchase income in May, that is naturally the total income from May 1 to May 31. Then Apple will roll out the models in early July. The payment should be made for the entire natural month of May, and then deduct the 30% commission from your income. Back-office colleagues tend to do the same. The goose. That’s not how Apple understands the natural moon. Click on Payments and Financial Reports – select date – click on the bottom to view the financial calendar as shown below
Click on it and you’ll find that Apple’s May count like this…
Pictured above write write write
Apple’s May is the period from May 3rd to May 30th… That naturally less three days of internal purchase income, the statistical data will be less, so that there will be hundreds, thousands, even tens of thousands of dollars.
Continue to watch Apple in June. From May 31st to June 27th… Nature is low income…
If you do not know this thing, may be two months in a row by financial questioning, why this month apple and less money…. Of course, apple is not greedy for your money, such as Apple’s July refers to June 28 to August 1. B: Well, usually the finance department won’t call you if you pay more…
About the Estimate
All we’re talking about here are apple’s back office estimates of total revenue, which aren’t necessarily accurate and are subject to change. The reason for the change is usually because of the refund, the user refund, Apple will not take any responsibility, will deduct your income. Even if your in-app purchase has already been delivered, another reason is the exchange rate. So if you analyze all the above situations and find that the data is still different, you might as well wait for the final company bank card amount to the account.
In addition, there may also be some deviation in the actual amount received, which is mainly whether there are intermediate financial institutions or banks to deduct fees. The amount actually received in the account should not be exactly the real income * 0.7, there will be some loss.
Q2: Isn’t apple’s internal purchase subject to 30% handling fee? Why do I see that Apple’s backstage sales are XX DOLLARS, but apple’s backstage revenue is far lower than XX *0.7 dollars?
If your App is designed for a global audience, you’ve probably run into this problem. The main reason for this problem is the regional tax rate. For example, our commodity deposit is $0.99. But in the EU, the actual value of the user’s payment (after converting into Euros) is also greater than $0.99, which is about 1. A couple of dollars. So if you look at apple in the background your sales will go up a lot. In fact, it’s $0.99 * 0.7. The extra money was charged to Apple by the European Union, which had nothing to do with the company and just appeared to boost its sales.
Q3: When will apple’s in-app purchase revenue be paid?
Payment and financial reports will have detailed estimates of apple’s payment date. If the date is not displayed, it indicates that the payment time has not arrived. Generally speaking, the money of the current month will be transferred at the beginning of the next month. That is, the payment in May is generally made in the beginning of July (no later than 15th). That is, if you find your money has not been received for more than 45 days. There must be something wrong with that. The possible reasons are as follows: ① The internal purchase income does not meet the minimum requirements of local developer account settlement. ② There is a problem with the account itself, suspected of fraud, concealment, or investigation (non-necessary reasons, sometimes the investigation period will be normal payment) ③ other reasons (such as the bank card has a problem, Apple tried to transfer money but failed to deduct, or has exceeded the exchange rate settlement, was intercepted by the bank, etc.). These problems can be contacted by Apple support for help.
Q4: What is the minimum payment limit for apple’s internal purchase income? The website says $150. Is that right?
Yes and no. Account for most of the developers, the minimum threshold limit for $150 parts (such as China) for the developer of the account, the minimum with the threshold limit for $10 (such as Hong Kong, India, Britain, France, Japan, Italy, Canada, etc.) for South Korea, the minimum payment threshold for $50. For details, please refer to the following website: Apple’s minimum payment limit